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Generally, a drawee bank is liable to its checking account customer for payment of a check on which the customer's signature has been forged. See § 4-418, C.R.S. 1999; Travelers Indemnity Company v. Stedman, 895 F. Supp. 742 (E.D.Pa. 1995). Further, when the drawee bank honors the forged instrument, the payment is deemed final for a person who or an entity, which takes the instrument in good faith and for value. See Bank of Glen Burnie v. Loyola Federal Savings Bank, 25 Md. 331, 648 A.2d 453 (1994); North Carolina National Bank v. Hammond, 298 N.C. 703, 709, 260 S.E.2d 617, 622 ...